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Thursday, May 28th
EUR/USD was down on Wednesday touching the 1.0818 during the European session. It was the pair’s lowest point since April 27. Later in the day, euro received some additional support after the report on improvements in German consumer confidence. The Greek government expressed confidence in ability to make the payment to the IMF due on June 5, which caused the subsequent rise of the single currency. Spanish GDP data is due ahead in the day. EUR/USD is traded at 1.0930.
The U.S. dollar fell 0.04% against major currencies with the U.S. dollar index currently at 97.24. The demand for the dollar was subtly pushed down by the rise of the euro.
USD/JPY is still moving down after the positive report on retail sales in Japan for the first time in four months. The pair is trading at 123.73.
AUD/USD was down after weak Building Capital Expenditure report from Australia.
Another commodity-backed currency - NZD/USD, was also down during the Asian session earlier today. NZD/USD is trading at 0.7247 and continues its downfall against the strengthening U.S. counterpart.
Ahead in the day, the markets are watching UK GDP and Canadian data, as well as euro zone’s statistics. In the evening, higher volatility is expected after the release of US pending home sales for April.
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